Thank you @Opus 17, your explanation is exactly what I had in mind, but I wanted to confirm that made sense. Just to clarify, could you please let me know which of the following fees would be included in the cost basis:
Title Fees - I think these would be included
Settlement Agent Fee - I think this would be included as it is not part of escrow
Escrow Prepayments (i.e. Homeowner's Insurance, Property Taxes, Prepaid Interest) - I do not think these would be included
Appraisal - I do not think this would be included
Mortgage Broker Fees (i.e. Processing, Underwriting, Closing, Document Preparation, Admin Fee.) - I think these would be included
